jgrabar
4 years ago
For how long have you held?
NTNX's Motion to Dismiss the class action complaint on 9/14/20. That case is on behalf of holders who purchased NTNX from March 2, 2018 through February 28, 2019, inclusive (the โClass Periodโ). The lawsuit seeks to recover damages for Nutanix investors under the federal securities law for allegedly false and/or misleading statements and/or failed to disclose that: (1) Nutanix had reallocated lead generation spending to other priorities, which represented a significant strategy shift from how the Company had historically conducted its sales efforts; (2) Nutanixโs decision to reallocate lead generation spending had caused a large disruption in the Companyโs sales execution, thereby negatively impacting Nutanixโs sales pipeline and slowing the Companyโs sales growth; (3) Nutanix had fallen behind in its sales hiring goals, which was further impairing the Companyโs efforts to grow its sales pipeline development; (4) the improvement in the Companyโs gross margins was not the result of the changes being made to the Companyโs business model, including the shift from hardware to software and the change from licensing to subscription platforms, but rather was the result of the Companyโs decision to reallocate lead generation spending.
Shareholders who purchased prior to 3/2/18 can make a demand for better corporate governance, return of funds from the class action back to the company, and a court approved cash incentive award.
Best regards,
Josh Grabar
jgrabar@grabarlaw.com
whytestocks
5 years ago
News: $NTNX Why Nutanix, Dick's Sporting Goods, and ChemoCentryx Jumped Today
Major benchmarks rose modestly on Tuesday, with market participants remaining optimistic as the Thanksgiving-shortened week continued. Despite a drop in consumer confidence and declining new home sales in the U.S., enthusiasm about a possible trade deal with China took center stage once again. S...
In case you are interested NTNX - Why Nutanix, Dick's Sporting Goods, and ChemoCentryx Jumped Today